BankAmericard Cash Rewards for Students Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
15.49 ‐ 25.49% (0% for the first 12 months)
Balance Transfer
15.49 ‐ 25.49% (0% for the first 12 months)
Rewards
1 - 3% cashback
Signup Bonus
$100 after spending $500


8.5/10
Informr score
The BankAmericard Cash Rewards for Students Credit Card currently has an Informr score of 8.5 out of 10. This score is based on our evaluation of 6 sources including reviews from users and the web's most trusted critics.

Am I eligible?


BankAmericard Cash Rewards for Students Credit Card is typically available to those with average credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


CreditCards.com

Bank of America’s cash rewards program is one of the most valuable in the student card category, but fledgling cardholders need to watch out for high interest rates and penalties.

- Robin Ratcliff, CreditCards.com
Bankrate

The Bank of America Cash Rewards credit card for Students is designed for people who are enrolled in school either full- or part-time. The credit requirements are more lenient than on other cash-back rewards cards, making it easier for people with little or no credit history to qualify.

- Natalie Campisi, Bankrate
Wise Bread

The Bank of America Cash Rewards credit card for Students is best for college students who can use the card for gas, grocery, and wholesale club purchases that total less than $2,500 per quarter, and can consistently pay their balances in full each month to avoid any interest charges.

- Christina Majaski, Wise Bread
LendEDU

With a zero-dollar annual fee, it sure does look like an attractive offer! It not only has no annual membership fee, but it also has pretty competitive APRs.

- Jeff Gitlen, LendEDU
Bank Deal Guy

Great card with no annual fee and it offers a great sign-up bonus. This is also a great way for students to start building credit and getting that financial push.

- Danny Nguyen, Bank Deal Guy

Details


Interest Rates
Regular APR Interest Rate 15.49% ‐ 25.49% (0% for the first 12 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 15.49% ‐ 25.49% (0% for the first 12 months)
  • Intro rate applies on balances transferred within the first 60 days of account opening.
  • This APR will vary with the market based on the Prime Rate.
Cash Advance Interest Rate 18.49% ‐ 27.49%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%

Minimum of $10

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $38.00

Maximum

Promotions
Sign up bonus $100 after spending $500

On purchases within the first 3 months.

Rewards
All Purchases 1% cash back
Restaurants No
Gas 3% cash back

On up to $2,500 of quarterly combined spending with groceries.

Groceries 2% cash back

On up to $2,500 of quarterly combined spending with gas and wholesale club.

Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

As a Bank of America customer, you can get a 10% customer bonus every time you redeem your cash back into a Bank of America checking or savings account.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores Yes
Wireless Payments Apple Pay, Samsung Pay, Android Pay
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


CreditCards.com

Generous rewards program

from CreditCards.com

Bank of America’s cash rewards program is one of the most valuable in the student card category, but fledgling cardholders need to watch out for high interest rates and penalties.

Read full review

Bank of America’s cash rewards program is one of the most valuable in the student card category, but fledgling cardholders need to watch out for high interest rates and penalties.

Read full review

Less

Bankrate

Students on a budget will find some valuable perks in this no-annual-fee card

from Bankrate

The Bank of America Cash Rewards credit card for Students is designed for people who are enrolled in school either full- or part-time. The credit requirements are more lenient than on other cash-back rewards cards, making it easier for people with little or no credit history to qualify.

Read full review

The Bank of America Cash Rewards credit card for Students is designed for people who are enrolled in school either full- or part-time. The credit requirements are more lenient than on other cash-back rewards cards, making it easier for people with little or no credit history to qualify.

Read full review

Less

Wise Bread

Great rewards program and opportunity for students to build their credit history

from Wise Bread

The Bank of America Cash Rewards credit card for Students is best for college students who can use the card for gas, grocery, and wholesale club purchases that total less than $2,500 per quarter, and can consistently pay their balances in full each month to avoid any interest charges.

Read full review

The Bank of America Cash Rewards credit card for Students is best for college students who can use the card for gas, grocery, and wholesale club purchases that total less than $2,500 per quarter, and can consistently pay their balances in full each month to avoid any interest charges.

Read full review

Less

LendEDU

Ideal for the typical broke college student

from LendEDU

With a zero-dollar annual fee, it sure does look like an attractive offer! It not only has no annual membership fee, but it also has pretty competitive APRs.

Read full review

With a zero-dollar annual fee, it sure does look like an attractive offer! It not only has no annual membership fee, but it also has pretty competitive APRs.

Read full review

Less

Bank Deal Guy

Definitely one of the best cards for students

from Bank Deal Guy

Great card with no annual fee and it offers a great sign-up bonus. This is also a great way for students to start building credit and getting that financial push.

Read full review

Great card with no annual fee and it offers a great sign-up bonus. This is also a great way for students to start building credit and getting that financial push.

Read full review

Less

Credit Card Insider

Good cash back rewards on different categories

from Credit Card Insider

This is a solid rewards credit card for students who want to build their credit, with no annual fee or immediate interest rate to worry about.

Read full review

This is a solid rewards credit card for students who want to build their credit, with no annual fee or immediate interest rate to worry about.

Read full review

Less

User Reviews


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